KURZWEIL APPLIED INTELLIGENCE INC /DE/ 4
4 · KURZWEIL APPLIED INTELLIGENCE INC /DE/ · Filed Jul 9, 1997
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (3)
- [1]On June 27, 1997 the Issuer merged (the "Merger") with a subsidiary of Lernout & Hauspie Speech Products NV ("L&H") pursuant to an Agreement and Plan of Merger approved by stockholders of the Issuer on June 26, 1997.
- [2]Exchanged for $5,040 in cash and 57.059 shares of common stock of L&H having a value based on the closing market price on June 27, 1997 of $27.50 per share. The fractional share is payable in cash at the June 27, 1997 market value.
- [3]These derivative securities were exchanged for $183,942 in cash and 2,082.446 shares of L&H common stock. The fractional share is payable in cash at the June 27, 1997 market value. * The options covering these derivative securities by their terms became exercisable in full as a result of the Merger and pursuant to the terms of the Merger, were terminated at the effective time of the Merger on June 27, 1997.